Press Release

Almadar, The Best Islamic Index Provider

Almadar Finance & Investment Company, was awarded the 'Best Islamic Index Provider' award by the Banker ME magazine & the Islamic Business & Finance Magazine, during the second Islamic Retail Banking Conference (IRBC II) held in Dubai recently. The other two finalists for the award were the original pioneers of Islamic indices, Dow Jones in the United States and FTSE in the United Kingdom.

Almal US Index Fund Award

On March 5th 2006, Almadar US Index Fund, managed by Almadar Finance & Investment, Kuwait was awarded the Best Islamic US Equity Fund Award, during the 2005 Islamic Fund award ceremony, organized by Failaka international in Bahrain. The other four funds nominated for the award were managed by National Commerical Bank (NCB) Saudi Arabia, Permal Asset Management UK, Saturna Capital USA, and Azzad Asset Ma